Northwestern Mutual Wealth Management Co. Sells 335 Shares of GoDaddy Inc. $GDDY

Northwestern Mutual Wealth Management Co. reduced its position in GoDaddy Inc. (NYSE:GDDY) by 39.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520 shares of the technology company’s stock after selling 335 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in GoDaddy were worth $94,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GDDY. Cetera Investment Advisers increased its holdings in GoDaddy by 26.0% in the 4th quarter. Cetera Investment Advisers now owns 23,200 shares of the technology company’s stock valued at $4,579,000 after buying an additional 4,786 shares during the period. Deutsche Bank AG grew its holdings in shares of GoDaddy by 13.6% during the 4th quarter. Deutsche Bank AG now owns 835,861 shares of the technology company’s stock valued at $164,974,000 after purchasing an additional 100,256 shares during the last quarter. Ethic Inc. grew its holdings in shares of GoDaddy by 75.1% during the 4th quarter. Ethic Inc. now owns 33,814 shares of the technology company’s stock valued at $6,674,000 after purchasing an additional 14,502 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of GoDaddy by 4.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 75,881 shares of the technology company’s stock valued at $14,977,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Engle Capital Management L.P. grew its holdings in shares of GoDaddy by 95.6% during the 4th quarter. Engle Capital Management L.P. now owns 125,000 shares of the technology company’s stock valued at $24,671,000 after purchasing an additional 61,100 shares during the last quarter. 90.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James Financial decreased their price target on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada decreased their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company decreased their price target on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Citigroup decreased their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $202.43.

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,950 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the transaction, the chief executive officer owned 412,065 shares in the company, valued at approximately $58,599,763.65. The trade was a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $175.96, for a total transaction of $175,960.00. Following the completion of the transaction, the chief operating officer owned 254,949 shares in the company, valued at $44,860,826.04. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,001 shares of company stock worth $4,911,400. Company insiders own 0.70% of the company’s stock.

GoDaddy Stock Up 0.1%

Shares of NYSE GDDY opened at $145.07 on Friday. The company has a market capitalization of $20.09 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. GoDaddy Inc. has a 52-week low of $132.51 and a 52-week high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The company’s 50 day moving average price is $157.99 and its 200-day moving average price is $171.45.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.